Detail akcie Noratis Rg online

Business Summary: Noratis AG is a Germany-based company, which operates as an owner-managed developer of residential property portfolios. The Company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. Its properties, preferably housing estates, employee housing and quarters, are upgraded and repositioned through value-enhancing development measures regarding both the buildings and a professional asset management. After development, the properties are either sold or remain in the portfolio of the Company. Sales are carried out using two strategies: Block sales comprising sales of individual multi-family houses and/or house lines up to entire portfolios and Retail sales comprising sales of individual apartments to tenants, owner-occupiers or investors.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Noratis AG revenues decreased 38% to EUR20.8M. Net loss increased from EUR3.4M to EUR19.9M. Revenues reflect Gross rental income and related decrease of 73% to EUR4.8M. Higher net loss reflects Impairment - Fixed Assets increase from EUR3.7M to EUR19.5M (expense), Interest from the bond increase of 16% to EUR9.1M (expense), Other operating expenses increase of 60% to EUR3.2M (expense).